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cliff the fiscal cliff the fiscal cliff it's just a little i'm hearing it out on the street is that we're going to talk to colonel doug of the grader who's been just published this new op ed in time magazine about you know what what what is cutting through all the rhetoric how can we cut defense while still maintaining our national security so we'll talk about that we're also to talk about opinion yet though the protests in mexico there's already been one failed tell the massive rests detention and all the aggression coming from the mexican riot police and also why what is it all about and how this total of these of the national media play into those role there aside from the talk about drones drones drones are to his favorite subject in all the new killer toys for obama's wish list coming up this christmas and all the new updates on the man a man right out of you thanks for that update that's coming up all in a half hour but that is going to do it for the news but check out our you tube channel you tube dot com slash our team america our website our teeth dot com slash us a follow
cliff the fiscal cliff the fiscal cliff it's just a little i'm hearing it out on the street is that we're going to talk to colonel doug of the grader who's been just published this new op ed in time magazine about you know what what what is cutting through all the rhetoric how can we cut defense while still maintaining our national security so we'll talk about that we're also to talk about opinion yet though the protests in mexico there's already been one failed tell the massive rests detention...
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because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doe
because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it....
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but another fiscal cliff was on the horizon, and that is the debt. but they also want to do, timothy geithner said, we are going to take away from congress approval of raising the debt ceiling. we can do it on our own. that is an outrage. congress has the power of the not this president to spend more money we don't have. megyn: even alan colmes was on the programs they shouldn't get congressional approval for that. but where is the republican proposal? they say that they want to close loopholes and get rid of some deductions, but when it comes to big issues, which is paring back spending, what are they proposing? over the weekend, mitch mcconnell, the senate minority leader, he offered a few nuggets and i would like to get your thoughts. he said increase the medicare eligibility age, ask wealthier americans to pay higher medicare premiums. and possibly paring back the cost of living increases, giving to social security beneficiaries. those are three specific so we have heard so far from the gop side. what are your thoughts on that? >> i think that is
but another fiscal cliff was on the horizon, and that is the debt. but they also want to do, timothy geithner said, we are going to take away from congress approval of raising the debt ceiling. we can do it on our own. that is an outrage. congress has the power of the not this president to spend more money we don't have. megyn: even alan colmes was on the programs they shouldn't get congressional approval for that. but where is the republican proposal? they say that they want to close loopholes...
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fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a deal to stop the more than half a billion dollars in spending cuts and tax increases from going into effect my next guest says the fiscal cliff is simply y2k fair all over again which amounted to nothing as i recall i agree we're not going to go over the cliff will hug him you know new year's eve he will be out of the work. so basically lots of speculation and very little substance but i can't say i'm not surprised particular day when i look at the recent rhetoric from this do nothing congress take us for example armed services committee just describe the looming defense cuts as quote an unaccep
fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a...
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plus, what's going on behind the scenes to avoid the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families
plus, what's going on behind the scenes to avoid the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement....
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debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one and two percent at most but the other thing is the turnover in other words they're buying and selling their trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they have many computers there's no sales tax on any of that the average person to buy a pair of shoes or some clothing or some electronics you're going to pay sales tax in
debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks...
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically,
going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013....
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a brunch of different things in it, but the main thing that will be close to 1% of u.s. gdp is the expiring of the payroll tax cut. both sides of the aisle agree on that. it will fall disproceportiona a on middle income households. >> and instead of the bush tax cuts for example which are a decade old, these were meant as very specific kind of post financial crisis stimulus. so they appear to be going away. but as you say, there will be a mathematical hit to gdp because of that. is the economy strong enough to handle that hit? >> well, we reckon the economy is probably growing somewhere
a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a...
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congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a point of then fiscal negotiation. only happened once. >> we have never been in treacherous, perilous fiscal circumstances as today. >> bret: top senate republican calling it quits was here on the set with us. the all-stars weigh in on that. surprising development next. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. [ female announcer ] some people like to pretend a flood coul
congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a...
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cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not only blaming her for this intelligence report, they're trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house, i could write a bock. >> or make an internet video that's actor angus t. jones caught slamming his own tv show. >> if you watch "two and a half men" please stop watching "two and a half men." i'm on it and don't want to be on it. >> reporter: he apologized but may still get his wish. now, to just two men. these two men. in
cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter:...
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they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go over that fiscal cliff, you got to compromise. there's nothing wrong with compromise. to some liberals on the far left, conservatives on the far right, compromise is a dirty word. you should never compromise with the other side. they hate that. they rather go over the fiscal cliff but the overwhelming majority of americans totally disagree with those hard line positions on the extreme left and the extreme right. they want to compromise and they want a deal and they want the president and john boehner, the republican leadership and democrati
they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go...
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a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will s
a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are...
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my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think there is a fiscal cliff and there is a political cliff. the president has the upper hand. taxes go up in the way his base want on wealthy people and what he wants to do is say if you don't go along with me you republicans are responsible for raising taxes on the middle class and will be responsible for the recession that's almost certain to come. >> there is no serious debating over avoiding the fiscal cliff. it's a political fight. this is a democratic party that hasn't passed a budget in years. the press corps is on the same page. everyone is asking
my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think...
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in november. superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking again, but still no breakthrough. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling be part of a deal. >> he shows what he is really after is assuming unprecedented power to spend taxpayer dollars. >> republicans who said they are open to raising tax revenue said they will only do so in exchange for deep spending cuts. if no deal happens one casualty would be long-term unemployment help. >> christmas would be off the table. >> aides to speaker boehner and president obama met yesterday. >> we are finding out what folks in
fiscal cliff is still three weeks away, but the economy may have already taken a hit. economists predict that the monthly jobs report will show that employers added more than -- less than 100,000 jobs in november. superstorm sandy may be part of the reason, but worry over the fiscal cliff may have also had an impact. economists predict that perhaps 200,000 jobs that you're -- 200,000 fewer jobs were created this year because of worries over the pasqual. republicans and democrats are talking...
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going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable t
going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >>...
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cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being s
cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi...
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treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then use their
treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think...
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the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessary in the democrats process, but if we come together we will meet this challenge, and make this session of the congress not a lame duck congress, but a blind duck congress. >> listen, this is not a game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how g
the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the...
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Dec 1, 2012
12/12
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FOXNEWSW
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so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 billion on the social programs. $55 billion out of defense on and on. this will be nothing short of a nuclear catastrophe. >> heather: we keep hearing how this is going to affect the higher income people. according to the congressional budget office, all americans will be affected if the deal is not reached. not just in terms of revenue but job loss.
so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates...
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Nov 29, 2012
11/12
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KPIX
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Dec 5, 2012
12/12
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CSPAN
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that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a conversation about getting the fiscal house in order. i heard bob talking about that. it is true. we spend $1 trillion more than we take in. it's a fact and we have to address it. i approach this issue with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second
that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a...
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it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares bylackrock. call 1-800-ishes for a prosctus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforter
it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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Nov 29, 2012
11/12
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CNNW
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Nov 29, 2012
11/12
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FOXNEWSW
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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Dec 5, 2012
12/12
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FOXNEWSW
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tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they are going to have if tomorrow. i listened to a previous guest, the people, the small business people in my community, 97 per science -- percent to not make $250,000 a year personal salaries so they are not affected by the top 2 percent. having said that, they want people to get back to work. people to have jobs to have incomes to buy from the small business people. blue are small or large you want to know which, how are the laws going to be, what are the tax lie bills going to be, and this congress owes it to the american people to tell them. >>eric: congressman, america has always been about hard working people earning, creating jobs, creating opportunity, passing a better life on to the next generation, to their kids, i don't know, at some point maybe you say it is time to man up, go over the fiscal
tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they are going to have if tomorrow. i listened to a previous guest, the people, the small business people in my community, 97 per science -- percent to not make $250,000 a year personal salaries so they are not...
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, as we all, what is the fiscal cliff again? >> a toxic combination of spending cuts and tax increases that kicks in at the beginning of next year. >> on january 1s its bush tax cuts will eck prior within the alternative minimum continuation would quick in, hiking taxes for more than half married couples with two children. the payroll tax cut was also expire. >> emergency unemployment benefits end, and 984 billion dollars in the automatic cuts in both defense and domestic budgets are triggered. >> it very likely that we're all going die. >> jon: why did they put that last provision in. see, here is what happened. two summers ago congress realized that if they couldn't compromise on a deficit and revenue plan our economy would krafernlt turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise they concocted a catastrophic penalty that would itself crash our economy. brilliant! put it another way. if there is an asteroid headed towards the earth. we made it and fired
, as we all, what is the fiscal cliff again? >> a toxic combination of spending cuts and tax increases that kicks in at the beginning of next year. >> on january 1s its bush tax cuts will eck prior within the alternative minimum continuation would quick in, hiking taxes for more than half married couples with two children. the payroll tax cut was also expire. >> emergency unemployment benefits end, and 984 billion dollars in the automatic cuts in both defense and domestic...
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if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours
if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give...
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Dec 5, 2012
12/12
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CURRENT
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whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the piece of the story that is forgotten over and over again. the fiscal cliff is a creation of the republican party. had it not been for a republican party that was unwilling to grant this president an extension on the debt ceiling -- >> which every other president has been able to get in a bi-partisan fashion. >> absolutely. then we wouldn't be here right now. we would not be on the edge of the cliff. it's a precarious thing to negotiate around when you consider we might get thrown into a recession if we do go over it. but the more i watch the right, it the more it look
whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the...
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Dec 6, 2012
12/12
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MSNBC
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i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but
i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more....